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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: HB who wrote (26113)	2/19/1998 6:47:00 PM
From: Leo Francis	Read Replies (1) \| Respond to of 132070

Howard, if I were the LEIX board, I'd issue some shares after the runnup and eliminate/reduce the debt. Even by issuing another million shares, LEIX could most likely "pocket" some for investing back into the company, and there would still be only 4 million shares, offering some nice dynamics. LEIX's upgrade/update technology is the best in the industry. For example, to update databases, you receive a new chip. You then do the update, and send back the chip, which LEIX can reprogram for future updates. The chip does not stay in the unit, but merely acts as a transfer system. With competing models you must return your entire unit, and wait for its return. I understand the history, but when LEIX starts reporting some consistent earnings, which I think they will, valuations will rise dramatically IMO. I also like the takeover possibility, as consolidation in this industry is a reality. Good Trading, LF